The Senate Banking Committee will hold a nomination hearing on April 16 for Kevin Warsh to be the next chair of the Federal Reserve, a person familiar with the matter told CNBC.
Warsh’s nomination is moving ahead even as a separate criminal probe into the Fed continues, setting up a potential clash between the two parallel processes set in motion by the Trump administration.
Banking Committee member Sen. Thom Tillis, R.-N.C. has said he won’t vote to confirm Warsh until the probe is resolved. Yet President Donald Trump is eager to get Warsh confirmed.
Tillis’s opposition means Trump can’t do both. But by moving ahead with the hearing, he is trying to anyway.
The committee hasn’t yet put the hearing on its public schedule. Warsh and a spokesman for the Senate Banking Committee declined to comment.
